Author: Vinay Tiwari
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Indian DRI, billet and re-bar update – 21’Jan
IF steel prices fall on subdued demand Trade volumes remain low, buying largely need-based India’s induction furnace (IF) steel prices fell on 21 January 2026 due to subdued buying in most regions. Sponge iron offers fell by INR 50-400/t d-o-d, with the steepest drop of INR 400/t to INR 26,600/t in Hyderabad. Billet prices dropped…